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Earnings Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share, Diluted, Other Disclosures [Abstract]  
Earnings Per Share
Earnings Per Share
Basic net loss per share, or basic earnings/(loss) per share (“EPS”), is computed by dividing net loss to common shareholders by the weighted average number of common shares outstanding for the period. FNB retired its preferred stock in 2011.
Diluted EPS reflects the potential dilution that could occur if FNB's potential common stock, which consists of dilutive stock options and a common stock warrant, were issued. As required for entities with complex capital structures, a dual presentation of basic and diluted EPS is included on the face of the income statement, and a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation is provided in this note.
(dollars in thousands, except per share data)
 
For Three Months Ended
 
 
March 31, 2013
 
March 31, 2012
Loss from continuing operations, net of tax
 
$
(4,596
)
 
$
(10,832
)
Loss from discontinued operations, net of tax
 
—

 
(27
)
Net loss to common shareholders
 
$
(4,596
)
 
$
(10,859
)
Weighted average number of common shares outstanding - basic and diluted
 
21,698,115

 
21,102,465

Net loss per common share from continuing operations - basic and diluted
 
$
(0.21
)
 
$
(0.51
)
Net loss per common share from discontinued operations - basic and diluted
 
—

 
—

Net loss per common share - basic and diluted
 
(0.21
)
 
(0.51
)

As a result of the net loss for the three months ended March 31, 2013 and 2012, all stock options and the common stock warrant were considered antidilutive and thus are not included in this calculation. For the three months ended March 31, 2013 and March 31, 2012, there were 23,037 and 23,310 antidilutive shares, respectively. Of the antidilutive shares, the number of shares relating to stock options were 955 for the three months ended March 31, 2013 and 1,238 for the three months ended March 31, 2012, while the number relating to the warrant was 22,072 for all periods presented.